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Investors file $5 million class action lawsuit against High Times
2024年8月6日 · This story has been updated on 2/3/2025. “Unfortunately, the class action lawsuit that our firm filed against High Times was dismissed without prejudice and we are no longer pursuing this matter.
US cannabis industry poised for more changes in 2025
2025年1月2日 · Despite legalization disappointments from 2024, the cannabis industry is far from standing still as the calendar changes over to 2025.. A significant factor is that use of the plant continues to expand. And a key driver of that is hemp products. But the battle between federally legal hemp products and state-legal marijuana products will likely come to a truce of sorts.
Judge gives initial OK to $8M Aurora Cannabis class-action …
2024年10月16日 · A federal judge granted preliminary approval to an $8.05 million settlement between Aurora Cannabis Inc. (NASDAQ: ACB) and investors who accused the company of misleading them through an boomerang deal to inflate its revenue, Law360 reported.. U.S. Magistrate Judge James B. Clark III gave the initial nod to the proposed settlement on Oct. 10, setting the stage for a final approval hearing on ...
Curaleaf loses another $44 million, despite more than $1B in …
2024年11月6日 · Connecticut-based Curaleaf Holdings, Inc. (CURA: CA) (OTCQX: CURLF) on Wednesday posted a net loss of $44 million for the third quarter of 2024, bringing its total losses for the year to $144 million despite more than $1 billion in revenue as of Sept. 30. Curaleaf’s stock took a major hit on the day losing 29% of its value as investors who had hoped for good news in Florida threw in the ...
The great culling of Michigan cannabis companies could start in …
2025年1月3日 · This story was republished with permission from Crain’s Detroit.. Michigan’s cannabis industry faces a reckoning in 2025.. Oversupply and low, low prices are coming to a head in the industry, leaving a trail of shuttered cultivators and processors.
New Jersey cannabis sales top $1B in 2024 as recreational market …
2025年1月7日 · New Jersey’s regulated cannabis market topped $1 billion in sales in 2024, driven by a growing network of retail stores and strong recreational demand, state regulators reported over the holiday break.
Auction marks end of beleaguered Michigan marijuana company's …
2024年10月21日 · This story was republished with permission from Crain’s Detroit. The remaining assets — ovens, centrifuges, laptops, lighting and a candy production line — of the state’s once-largest marijuana growing operation are up for auction.
PharmaCann to shutter LivWell cultivation facility in Michigan
2024年12月4日 · This story was republished with permission from Crain’s Detroit.. One of the country’s largest cannabis operators is abandoning its Michigan grow operations. Chicago-based PharmaCann told employees Monday it would shutter its 207,000-square-foot LivWell Michigan cultivation site in Warren, laying off at least 170.. Todd Lince, president of Teamsters Local Union No. 337, confirmed the news ...
Marijuana activist leaders optimistic for progress in 2025
2024年12月18日 · There’s reason to be hopeful that federal marijuana rescheduling will be completed under the incoming Trump administration – possibly even passage of a new SAFE Banking bill and a new permissive federal policy on cannabis commerce from …
GTI’s Ben Kovler takes over Agrify following financing deal
2024年11月5日 · The board of directors for Agrify Corp. (Nasdaq: AGFY) approved a $20 million convertible secured note, of which $10 million will be drawn upon at closing, from a wholly-owned subsidiary of Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF).. Before this financing, the Green Thumb subsidiary acquired an ownership stake in Agrify through the purchase of common stock and warrants from its ...